Unless something really crazy happens in these final 15 minutes it's looking like we'll be breaking that string of down SCR's at 2 which bodes well for January and Q1. Currently the S&P is up +0.50% on the SCR. Let's see where this closes out.
Santa delivered! Here are the final #'s from the SCR There is also something called the FFD (First Five Days) indicator that is watched as well. But, obviously not as closely followed as the SCR. Nice start to 2017 here thus far.
Hella decisive move today, wow! Confirmed break over the 20 DMA...to say the least! Less than 5 pts from ATH...tomorrow is going to be very interesting. I could see morning continuation up to...and maybe even through...the ATHs, but I do not see the RUT breaking long term RTL @ 1397. Regardless, I suspect a pullback tomorrow, but a close above 1375...which might transition into a support zone if this truly is upward momentum.
Correct, and you may be interested in this thread: http://stockaholics.net/threads/upcoming-earnings.3838/
Macy's said they are laying off something like 10,000 employees. And they are closing dozens of stores (not sure how many that is). Consider this the start of the next recession.
macy and sears are both closing stores, but they have been struggling for years, now if amazon started losing sales, then i would be worried about recession.
I believe Amazon had a good Christmas season. At least that's what I heard reported a little after cyber Monday. I guess the final numbers will come out soon enough. It could just be that brick and mortars are going out of business due to Amazon and other online retailers. But this isn't new. Amazon has been around a long time now. They've put many stores out of business. Why are Sears and Macy's failing now, rather than last year, or next year, etc?
I think the biggest problem for the department stores is that they have a lot of things that people don't want or need. Stores like TJ Maxx, Ross, Nordstrom Rack and Bath & Body Works were pretty busy when I visited them during the past holiday season.
That's what I don't understand about these department stores. TJ Maxx and Ross get their inventory by buying out-of-season stuff from the department stores. Seems to me like the department stores should turn some of their retail stores into inventory spaces, rather than letting TJ Maxx and Ross get their hands on them for cheap. Additionally, closing some retail stores (but keeping the property!) could be a good business move. As good restaurants make their mark with one signature location, it seems the time has come for department stores to stop trying to open retail spaces in every strip mall in Peoria. Keep the property and use it for inventory, and as a shipping base for straight-to-home delivery. Wanted to also say that Ross is pretty great. You can find they sell stuff for cheaper than Amazon. Probably TJ Maxx is the same. It's about the treasure hunt.
exactly! target is already doing this, some of their retail locations now doubly serve as a ship from store location, so instead of just having 40 distribution centers, its like they effectively have 200+ which means faster shipping times for online orders, thats why target has been doing so well with online growth, they are truly focusing on that, changing how the whole logistics is ran, cause thats where the future is.
#Fed unsure of timing, size of stimulus. Monetary policy to be reactive to fiscal changes. $USD slides from 14-year high
Good morning Stockaholics! Here are your pre-market movers on this Thursday- Spoiler: 1/5 Thursday's Stock News Movers: M, KSS, ALXN, GOOGL, WBA, STZ, MYL, MA, TWLO, WDC (Click to Show!) 1/5 Thursday's Stock News Movers: M, KSS, ALXN, GOOGL, WBA, STZ, MYL, MA, TWLO, WDC Good day Stockaholics! Happy Thursday! Frontrunning: January 5 Dollar Posts Biggest Drop Since Trump's Win (BBG) World stocks hit 1-1/2 year high after strong China data (Reuters) Apple pulls New York Times apps in China after government request (Reuters) Macy’s Axes Jobs and Stores, Echoes Kohl’s on Weak Holiday (WSJ) Macy’s Declines After Reducing Outlook, Moves to Cut 6,200 Jobs (BBG) India’s Cash Woes Are Just Beginning (BBG) Trump Sows Dismay in Rural America With Late Agriculture Choice (BBG) Defense Firms Cash In Amid Soaring Demand for Munitions (WSJ) Top Intelligence Officials to Testify on Election Hacking (WSJ) Congress begins Russia hacking probe, Trump still skeptical of U.S. intelligence (Reuters) U.S. obtained evidence after election that Russia leaked emails (Reuters) China’s Epic Short Squeeze Is Back as Yuan Rally Crushes Bears (BBG) In Kuwait, a Deep Opposition Arises to the Pinch of Austerity (WSJ) Barclays Flags ‘Black Swan Threats’ to Commodities This Year (BBG) Iraqi general says 70 percent of east Mosul retaken from Islamic State (Reuters) Tillerson Discloses Global Assets of as Much as $400M (BBG) China's choices narrowing as it burns through FX reserves to support yuan (Reuters) UK Credit Binge Approaching Levels Not Seen Since 2008 Crash (Guardian) Crispin Odey’s Hedge Fund Suffers Worst Ever Annual Loss in 2016 (BBG) China to plow $361 billion into renewable fuel by 2020 (Reuters) Executives from top Turkish conglomerate held in post-coup probe (Reuters) STOCK FUTURES NOW: YESTERDAY'S MARKET HEAT MAP: YESTERDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): M AMZN KSS JCP WBA GPRO STZ GNCA FSLR NVDA RPM VUZI HLT TJX UUP BRFS CUZ BHI TM JNUG IT FB UGAZ KORS PYPL TODAY'S EARNINGS RELEASES: BEFORE MARKET OPEN: AFTER MARKET CLOSE: THIS MORNING'S UPGRADES/DOWNGRADES: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Macy's — The retailer's stock tumbled around 10 percent after announcing disappointing holiday sales and a plan to likely cut 10,000 workers. Macy's same-store sales dropped 2.1 percent from November to December, around the low end of its previous guidance. Kohl's — Kohl's slashed its full-year earnings guidance to a range of $3.60 to $3.65 per share, from $3.94 a share, sending its stock reeling 15 percent. Alexion Pharmaceuticals — The drug company's shares gained more than 5 percent after Alexion reiterated its sales and earnings guidance for 2016. Alexion said it expects 2016 revenues to range between $3.05 billion and $3.1 billion and adjusted earnings per share between $4.50 and $4.65. Alphabet — The Labor Department filed a lawsuit against Alphabet's Google unit seeking access to the company's compensation data and documents, specifically to its equal opportunity program. Walgreens Boots Alliance — The largest drug store chain in the U.S. reported an unexpected drop in quarterly sales, but raised the lower end of its fiscal 2017 earnings range by 5 cents, to $4.90 per share. Separately, Walgreens said it working toward closing its takeover of Rite Aid "in the early part of this calendar year." Constellation Brands — The maker of Corona and Modelo beers posted a 10.3 percent increase in quarterly sales, helped by strong demand for its high-end beers and the acquisition of Ballast Point, a brewing company in San Diego, California. Mylan — Analysts at Citi downgraded the drugmaker's stock to "neutral" from "buy," and cut its price target to $44 from $59. Citi said it sees "limited upside" on the stock, citing "the opportunity for meaningful multiple expansion from current levels, given our stance on the generics space in general." Mastercard — RBC upgraded the credit card firm's stock to "top pick" from "outperform" and hiked its price target to $130 from $115. The analysts cited a possible pickup in earnings and a re-acceleration in sales while operation expenditures slow, among others. Twilio —Pacific Crest upgraded Twilio shares to "overweight" from "sector weight," citing an "underappreciated growth potential inherent in a usage-based model similar to [Amazon Web Services]." Twilio's stock rose more than 3 percent in premarket trading. Western Digital — Analysts at BMO upgraded the California-based company's stock to "outperform" from "market perform," and raised its price target to $90 from $66. BMO also said it expects organic revenue growth to return in fiscal 2017. Have a good trading day to everyone in here on this Thursday!
mixed market off the open here ... russell 2k a bit weak however nasdaq very strong ... in fact knocking on the door to ATHs
